Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) Sees Significant Decrease in Short Interest

Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (OTCMKTS:MXCHY) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,193 shares, a decline of 69.5% from the May 14th total of 7,179 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,544 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analyst Weigh In

Separately, Barclays reiterated an “overweight” rating on shares of Orbia Advance in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Orbia Advance currently has an average rating of “Buy”.

Orbia Advance Price Performance

OTCMKTS MXCHY remained flat at $2.47 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.56 and a quick ratio of 1.10. The company’s 50 day moving average price is $2.50 and its 200 day moving average price is $2.18. Orbia Advance has a 1-year low of $1.00 and a 1-year high of $2.75.

Orbia Advance (OTCMKTS:MXCHY) last released its earnings results on Tuesday, April 28th. The basic materials company reported $999.00 earnings per share for the quarter, beating the consensus estimate of $0.01 by $998.99. Orbia Advance had a negative return on equity of 9.53% and a negative net margin of 4.81%. As a group, research analysts anticipate that Orbia Advance will post 0.12 EPS for the current year.

Orbia Advance Company Profile

Orbia Advance Corporation, formerly Mexichem, is a leading global provider of specialty materials and innovative solutions headquartered in Mexico City. Founded in 1953 as the first vinyl chloride producer in Mexico, the company rebranded to Orbia Advance in 2019 to reflect its broadened portfolio spanning advanced chemicals, polymers and infrastructure technologies.

Orbia’s operations are organized into four core segments: Fluorinated Solutions, which offers refrigerants, fluoropolymers and specialty chemicals; Polymer Solutions, producing polyethylene, PVC and compound resins; Building & Infrastructure, supplying piping systems, cables and water management products; and Precision Agriculture, delivering drip-irrigation systems and soil-conditioning services.